AES, Clearway Electrical power Group, Cypress Creek Renewables, and D.E. Shaw Renewable Investments variety shopping for consortium to obtain 6-7 GW of crystalline silicon solar modules yearly to inspire the swift scaling of domestic solar producing in the United States
WASHINGTON, June 21, 2022 /PRNewswire/ — Foremost independent electric power producers, The AES Corporation (NYSE: AES), Clearway Electricity Group (Clearway), Cypress Creek Renewables, and D. E. Shaw Renewable Investments (DESRI), have formed the US Solar Buyer Consortium to assist growth of the domestic photo voltaic provide chain and push the expansion of the American solar market.
Rising domestic US solar supply chains will create lasting resiliency and relieve existing market constraints.
To meet its ambitious expansion targets, the Consortium has launched a aggressive RFP to lookup for skilled makers who are aligned with the consortium’s aims and can commit to a extended-term strategic partnership to source up to 7 GW of solar modules for every 12 months commencing from 2024.
“Our group of corporations comprise marketplace leaders that are dedicated to delivering price tag-productive, renewable electric power for our shoppers. Our joint motivation to procure at this scale can give the certainty suppliers have to have to ramp up capability and conquer current offer chain constraints,” mentioned David Zwillinger, DESRI’s CEO.
The getting consortium will encourage a steady, domestic source chain for photo voltaic modules. Marketing the on-shoring of the module provide chain demonstrates the shopping for consortium’s belief in an American-made solar sector that has the probable to produce in excess of 250,000 new permanent work and around 50,000 new design work by 2035. More and more domestic supply chains will develop long lasting resiliency and relieve constraints confronted by the field right now.
“The Consortium has a substantial and expanding pipeline of photo voltaic tasks in the United States, and we are committed to supporting America’s thoroughly clean strength transition,” said Andrés Gluski, AES President and CEO. “We’re operating together with customers of all types to decarbonize their functions and the grid.”
“Solar gives small-price tag cleanse energy, builds resiliency into the grid and is vital in addressing the climate disaster,” stated Sarah Slusser, CEO of Cypress Creek Renewables. “We are proud to advance our country’s critical decarbonization and cleanse strength ambitions and American production by means of the assistance provided by this consortium.”
Escalating solar energy deployment is important to acquiring internet-zero emissions by 2050 and restricting global temperature increase to 1.5o C. While the White House’s not too long ago announced 24-thirty day period bridge for sure photo voltaic imports and actions to support domestic manufacturing are a substantial stage in direction of addressing source chain troubles, the Consortium recognizes that more requirements to be finished to develop upon the industry’s progress towards furnishing reduced-expense, dependable, clear electrical power to American households and organizations.
“Today’s announcement from the Consortium is just 1 phase towards bolstering America’s photo voltaic source chain,” mentioned Craig Cornelius, CEO of Clearway Strength Team. “With legislation pending ahead of Congress, policymakers can scale our domestic producing workforce and restore our country’s legacy as a manufacturing chief. We respect the Biden administration’s commitment to devote in American workers and urge lawmakers to seize this possibility.”
For additional aspects, you should get in touch with the consortium at [email protected] voltaic-consortium.com.
For suppliers interested in responding to the RFP, please contact [email protected] voltaic-consortium.com.
About AES: The AES Company (NYSE: AES) is a Fortune 500 global vitality enterprise accelerating the potential of power. Alongside one another with our many stakeholders, we are bettering lives by providing the greener, smarter strength methods the entire world demands. Our various workforce is committed to steady innovation and operational excellence, even though partnering with our shoppers on their strategic energy transitions and continuing to satisfy their electrical power needs now. For far more information and facts, take a look at AES here.
About Clearway: Clearway Electrical power Group is leading the transition to a globe driven by cleanse vitality. Alongside with our community affiliate Clearway Energy, Inc., we personal and operate additional than 8 gigawatts of renewable and common energy belongings across the state. As we produce a nationwide pipeline of new renewable electrical power tasks for the upcoming, Clearway’s 5.6 gigawatts of wind, photo voltaic, and energy storage assets offset the equivalent of extra than 10.5 million metric tons of carbon emissions for our prospects nowadays. Clearway Electricity Group is headquartered in San Francisco with places of work in Carlsbad, Calif. Scottsdale, Ariz. Houston and Princeton, N.J. For additional details, go to clearwayenergygroup.com.
About Cypress Creek Renewables: Cypress Creek Renewables is a main US renewables developer and independent electrical power producer. It develops, funds, owns, and operates utility-scale and distributed photo voltaic and power storage initiatives throughout the United States with a mission to electricity a sustainable upcoming, one particular venture at a time. Considering that inception, Cypress Creek has made far more than 12GW of solar initiatives. Currently it owns 2GW of solar and has a 14GW pipeline. Cypress Creek’s leading O&M providers organization operates and maintains 4GW of photo voltaic projects for buyers across 19 states. For much more facts about Cypress Creek, remember to pay a visit to www.ccrenew.com.
About D. E. Shaw Renewable Investments: D. E. Shaw Renewable Investments (DESRI) and its affiliates acquire, obtain, possess, and work long-term contracted renewable power assets in the U.S. DESRI’s portfolio of operating and in-construction renewable electricity tasks currently incorporates more than 65 solar and wind assignments representing more than 6 GW of combination potential. DESRI is a member of the D. E. Shaw group, a global expense and technological innovation enhancement firm with extra than $60 billion in expenditure and dedicated money as of March 1, 2022, and offices in North America, Europe, and Asia.
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